April 18, 2018 / 11:53 AM / 8 months ago

Abbott Labs' quarterly revenue rises 16.7 percent

April 18 (Reuters) - Abbott Laboratories on Wednesday posted a 16.7 percent rise in quarterly revenue, helped by strong demand for its newer devices.

Net sales rose to $7.39 billion from $6.34 billion.

The diversified healthcare company reported net earnings of $418 million, or 23 cents per share, in the first quarter ended March 31, from $419 million, or 24 cents per share, a year earlier. (Reporting by Manas Mishra in Bengaluru; Editing by Shailesh Kuber )

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